Teradyne, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

Teradyne, Inc. has submitted its quarterly report (10-Q) for the period ending March 31, 2024, detailing financial data and operational segments.

AI Summary

TERADYNE, INC (TER) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Teradyne, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing includes data related to various financial instruments and measurements, such as Cash and Cash Equivalents, Foreign Exchange Contracts, and Employee Stock Options. Specific dates like 2024-03-31, 2023-12-31, and 2024-01-01 are referenced in relation to financial reporting. The company's business address is 600 Riverpark Drive, North Reading, MA 01864. The filing references segments including Semiconductor Test, Robotics, and Systems Test Group.

Why It Matters

For investors and stakeholders tracking TERADYNE, INC, this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance and position of Teradyne, Inc. as of Q1 2024. The detailed financial disclosures within the report are crucial for understanding the company's current operational health and investment value.

Risk Assessment

Risk Level: low — TERADYNE, INC shows low risk based on this filing. The filing is a standard 10-Q, which is a routine disclosure for publicly traded companies and does not inherently contain significant new risks.

Analyst Insight

Review the detailed financial statements and segment performance within the 10-Q to assess Teradyne's current financial health and future prospects.

Key Numbers

• 2024-03-31 — Reporting Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-05-03 — Filing Date (FILED AS OF DATE)
• 3825 — Standard Industrial Classification (SIC Code for Instruments for Meas & Testing of Electricity & Elec Signals)
• 042272148 — IRS Number (Internal Revenue Service Number)
• MA — State of Incorporation (State of Incorporation)
• 1231 — Fiscal Year End (Fiscal Year End)

Key Players & Entities

• TERADYNE, INC (company) — FILER
• TER (company) — tk
• 2024-03-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-05-03 (date) — FILED AS OF DATE
• 600 RIVERPARK DRIVE (address) — BUSINESS ADDRESS
• NORTH READING (city) — BUSINESS ADDRESS
• MA (state) — BUSINESS ADDRESS
• 01864 (zip) — BUSINESS ADDRESS

FAQ

Industry Context

Teradyne operates in the semiconductor test equipment industry, providing automated testing solutions for semiconductor devices.

Regulatory Implications

The filing is a 10-Q, a standard quarterly report required by the SEC for publicly traded companies under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze Teradyne's revenue and profitability trends from the financial statements.
2. Examine disclosures related to operating segments like Semiconductor Test and Robotics.
3. Review any risk factors or legal proceedings mentioned in the filing.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-03: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, providing the first quarter's financial data.

Key Financial Figures

• $0.125 — h registered Common Stock , par value $0.125 per share TER Nasdaq Stock Market

Filing Documents

• ter-20240331.htm (10-Q) — 2890KB
• ter-ex10_1.htm (EX-10.1) — 56KB
• ter-ex10_2.htm (EX-10.2) — 60KB
• ter-ex31_1.htm (EX-31.1) — 13KB
• ter-ex31_2.htm (EX-31.2) — 13KB
• ter-ex32_1.htm (EX-32.1) — 7KB
• ter-ex32_2.htm (EX-32.2) — 7KB
• 0000950170-24-052761.txt ( ) — 15758KB
• ter-20240331.xsd (EX-101.SCH) — 2119KB
• ter-20240331_htm.xml (XML) — 3807KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited): 1 Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 1 f Condensed Consolidated Statements of Operations for the Three Months ended March 31, 2024 and April 2, 2023 2 Condensed Consolidated Statements of Comprehensive Income for the Three Months ended March 31, 2024 and April 2, 2023 3 Condensed Statements of Shareholders' Equity for the Three Months Ended March 31, 2024 and April 2, 2023 4 d Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and April 2, 2023 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 33 Item 4.

Controls and Procedures

Controls and Procedures 33

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 34 Item 1A.

Risk Factors

Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 4. Mine Safety Disclosures 35 Item 5. Other Information 36 Item 6. Exhibits 37 PART I

: Financial Statements

Item 1: Financial Statements TERADYNE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, 2024 December 31, 2023 (in thousands, except per share amount) ASSETS Current assets: Cash and cash equivalents $ 707,403 $ 757,571 Marketable securities 41,300 62,154 Accounts receivable, less allowance for credit losses of $ 1,947 and $ 1,988 at March 31, 2024 and December 31, 2023, respectively 426,333 422,124 Inventories, net 314,232 309,974 Prepayments 537,642 548,970 Other current assets 16,057 37,992 Current assets held for sale 22,426 23,250 Total current assets 2,065,393 2,162,035 Property, plant and equipment, net 457,248 445,492 Operating lease right-of-use assets, net 74,625 73,417 Marketable securities 121,905 117,434 Deferred tax assets 185,734 175,775 Retirement plans assets 11,449 11,504 Other assets 45,098 38,580 Acquired intangible assets, net 30,234 35,404 Goodwill 407,576 415,652 Long-term assets held for sale 11,458 11,531 Total assets $ 3,410,720 $ 3,486,824 LIABILITIES Current liabilities: Accounts payable $ 153,873 $ 180,131 Accrued employees' compensation and withholdings 121,144 191,750 Deferred revenue and customer advances 100,058 99,804 Other accrued liabilities 101,275 114,712 Operating lease liabilities 17,400 17,522 Income taxes payable 55,922 48,653 Current liabilities held for sale 4,687 7,379 Total current liabilities 554,359 659,951 Retirement plans liabilities 134,878 132,090 Long-term deferred revenue and customer advances 35,044 37,282 Long-term other accrued liabilities 16,653 19,998 Deferred tax liabilities 134 183 Long-term operating lease liabilities 65,554 65,092 Long-term incomes taxes payable 44,331 44,331 Long-term liabilities held for sale 1,938 2,000 Total liabilities 852,891 960,927

View Full Filing

View this 10-Q filing on SEC EDGAR